Has American President Donald Trump retreated from his hardline stance on tariffs? There are now 50 days left till July 8, when the “90-day” pause that he had declared on his retributive tariffs on the entire world expires. In this period, he has announced only one trade deal, with the United Kingdom (UK), which is relatively limited in scope and which leaves the 10 per cent base tariff Mr Trump intends to impose in place.
But he has also retreated from his harsh line on the People’s Republic of China in particular. Last week, he declared an independent pause
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

)